Midtown

Margaritaville Resort at 560 Seventh Avenue Reaches Top Floors in Times Square

8:00 am on January 14, 2020 By Michael Young

The Margaritaville Resort at 560 Seventh Avenue in Times Square has climbed to the pinnacle. Work on the curtain wall has also moved along quickly and is nearing the upper floors of the reinforced concrete superstructure. Designed by Stonehill & Taylor Architects and developed by Sharif El-Gamal of Soho Properties along with MHP Real Estate Services, the nearly $300 million project will help fulfill the booming demand for hotel space as tourism to New York City and areas like Times Square continues to rise. The 29-story tower is located at the corner of Seventh avenue and West 40th Street and will contain 234 rooms.

Window Installation Progresses at 232 East 54th Street in Midtown East

7:30 am on January 14, 2020 By Michael Young

Window installation is underway at 232 East 54th Street, a topped-out residential building in Midtown East. Designed by Ismael Leyva Architects, the extruded square-shaped, reinforced concrete structure rises 420 feet tall and features a simple grid of windows on all four sides. Elk Investors was listed as the exclusive developer of the building, though ownership may have fully transferred to Mossanen Group and an LLC known as East 54th St. Properties, as per YIMBY’s previous updates on the construction site.

Rendering of the new Hard Rock Hotel at 159 West 48th Street - Hard Rock International

Hard Rock Hotel Begins Vertical Ascent at 159 West 48th Street in Times Square

8:00 am on January 13, 2020 By Michael Young

The Hard Rock Hotel is now above street level at 159 West 48th Street in Times Square. The 225,000-square-foot, 445-room hotel is designed by Berg + Moss Architects and is being developed by Extell and Hard Rock International.

Construction on 249 East 50th Street Approaches Halfway Mark in Midtown East

7:30 am on January 13, 2020 By Michael Young

The reinforced concrete superstructure at 249 East 50th Street is approaching the halfway mark in Midtown East. The 15-story, 151-foot-tall residential building has risen steadily since reaching street level near the end of last summer. The project is designed by Isaac Stern and is being developed by Tun Kyaw, who purchased the land for $17 million.

Construction Nears Completion on UAE’s Future Consulate at 315 East 46th Street in Midtown East

8:00 am on January 12, 2020 By Michael Young

Construction is nearing completion on the United Arab Emirates’ new consulate at 315 East 46th Street in the Midtown East neighborhood of Turtle Bay. Located just up the street from the future consulate of the Republic of Turkey, the 145-foot-tall, nine-story reinforced concrete structure is designed by Skidmore Owings & Merrill, developed by Fisher Brothers, and is being built by Plaza Construction.

Work Wrapping Up on Pestana Hotel at 338 West 39th Street in Midtown

7:30 am on January 12, 2020 By Michael Young

YIMBY last did an article on 338 West 39th Street back in August 2015. Sam Chang, a well-known hotelier in New York City, purchased the 50-foot-wide site for $22,500,000, though permits list Brarone Management as the developer behind the address. Stephen B. Jacobs Group is the designer of the 25-story hotel part of Pestana Hotels, a Portugal-base company. The site is located in Midtown, Manhattan between Eight and Ninth Avenues near a number of other hotel chains that have popped up in the past several years.

Rendering of 1740 Broadway (Courtesy of Azeez Bakare Studios)

EQ Office Reveals New Renderings of 1740 Broadway in Midtown

7:00 am on January 12, 2020 By Sebastian Morris

Tenants at 1740 Broadway, a 26-story office tower in Midtown, Manhattan, will soon have access to a fully modernized lobby and private club designed by INC Architecture & Design. EQ Office Properties, the landlord of the property, expects the expanded areas to open in spring 2020.

View North within the public garden. Photo credit: Snøhetta and MOARE

Public Garden Approved at 550 Madison Avenue in Midtown East

7:30 am on January 11, 2020 By Sebastian Morris

This week, the City Planning Commission approved 550 Madison Avenue‘s Snøhetta-designed gardens. The public space surrounding the iconic Midtown East office tower will measure 21,000 square feet and include a café, elevated and ground-level landscaping, expanded seating and additional tables, and public bathrooms.

Tishman Speyer Confirms 530,000-Square-Foot Lease at The Spiral in Hudson Yards

7:30 am on January 10, 2020 By Sebastian Morris

Developer Tishman Speyer and Debevoise & Plimpton LLP have finalized negotiations for a massive 530,000-square-foot office at 66 Hudson Boulevard, aka The Spiral. The global law firm expects to relocate its headquarters from 919 Third Avenue in the second half of 2022. With this latest transaction, Tishman Speyer has now successfully pre-leased 54 percent of the building.

New York YIMBY’s 2020 Construction Report Shows 36,467 New Residential Unit Filings, A 7.1% Jump

8:00 am on January 7, 2020 By Nikolai Fedak

YIMBY’s 2019 New Building Report, released this time last year, showed a major jump in applications from 2017 into 2018, with new residential units filed with the Department of Buildings rising from 20,393 to 34,039. YIMBY’s 2020 New Construction Report shows that citywide gains continued into 2019, with total units filed increasing to 36,467, a jump of 2,428 or 7.1%. The full report is available in spreadsheet format at the link for $199.

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